South African rand falls as dollar finds feet; credit extension slows

The South African rand was weaker in early trade on Wednesday as the dollar clawed back some losses on global markets, while local credit extension slowed more than expected. At 0715 GMT, the rand traded at 18.5525 against the dollar ZAR=D3, about 0.5% weaker than its previous close. Central bank data showed private sector credit … Continue reading South African rand falls as dollar finds feet; credit extension slows